Islamic Finance

Central Asian state Tajikistan gets first Islamic bank


The central Asian nation of Tajikistan has opened its first full-fledged Islamic bank.

OJSC Tawhidbank opened in September and is licensed under the central bank, the National Bank of Tajikistan, it said in a statement on September 20.

Tawhidbank has its roots in conventional mid-sized bank Sohibkorbank, which was set up in 1999.

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Islamic Banks